DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Council's latest data DNB has 612.5 tonnes in official gold reserves.

Even if much of it is still owed to the Netherlands, this is a nice chunk of gold being repatriated. In contrast, consider that Germany's attempts to have its gold repatriated, which amounted to just 5 tons in 2013, have been stalled, allegedly thanks to the resumption of its suicidal confidence in Uncle Sam as 'lender of last resort'. A more realistic view is that Germany was told that there is no gold, so they can forget all about it.

So why did the Dutch National Bank (DNB) bring back some of its gold?

"It is no longer wise to keep half of our gold in one part of the world," a DNB spokesman told Telegraaf. "Maybe it was desirable during the Cold War, but not now."

Interesting. THEN was a Cold War; not now. That's not going to go down too well in the US State Department. The Dutch didn't bother having a referendum in order to bring it back, like the Swiss. They just went ahead and did it.

De Telegraaf reports that for years there have been doubts at the DNB if the Dutch gold was still in New York. After a very secret and almost military operation DNB has shipped gold from Manhattan to Amsterdam, to bring about a more balanced allocation of its gold reserves and give the Dutch citizens more confidence by storing the gold on own soil to guide the country, if necessary, through a following major crisis. In the previous weeks many armored trucks were seen at the DNB in Amsterdam.

Other news this week included official admission from Ukraine that their gold is gone. This was first noticed back in March, just after the coup, but never verified and only mentioned on alternative news sites... which figures because only they can be relied on to tell you the news:

Back in March, at a time when the IMF reported that Ukraine's official gold holdings as of the end of February, (just as the US State Department-facilitated coup against former president Victor Yanukovich was concluding), amounted to 42.3 tonnes or 8% of reserves...

Interestingly, Ukraine gold's reserves had constantly increased, hitting a record high just before the presidential coup. So this happened under Yanukovich, who has been accused by the current coup leaders of 'robbing the country blind'. Trust psychopaths to always accuse their mark of what precisely they intend to do.

Here is the account of how Ukraine was actually - in the real world, and not the US reality-creators' world - 'robbed blind':

... Ukrainian Media reported a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US."

Below is a report from the Iskra News service:

Tonight, around at 2:00 am, an unregistered transport plane took off took off from Boryspil airport. According to Boryspil staff, prior to the plane's appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people in black uniforms, masks and body armor stepped out, some armed with machine guns. These people loaded the plane with more than forty heavy boxes.

After this, several mysterious men arrived and also entered the plane. The loading was carried out in a hurry. After unloading, the plateless cars immediately left the runway, and the plane took off on an emergency basis.

Airport officials who saw this mysterious "special operation" immediately notified the administration of the airport, which however strongly advised them "not to meddle in other people's business."

Later, the editors were called by one of the senior officials of the former Ministry of Income and Fees, who reported that, according to him, tonight on the orders of one of the "new leaders" of Ukraine, all the gold reserves of the Ukraine were taken to the United States.

And now the gold is officially acknowledged as 'gone':

In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves."

A Youtube video of the above admission can be viewed here, but it is without English subtitles.

So Uncle Sam stole Ukraine's gold, though the planet's most ravenous beast will of course frame it as 'protecting the gold from evil commie Russians'. The US knows that gold - unlike worthless paper - is important, something former FED chairman Alan Greenspan also highlighted a few weeks ago at a meeting of the Council of Foreign Relations:

TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.

Uncle Sam knows gold is important, and so do other central banks around the world. The petrodollar is slowly but surely collapsing. (A curious coincidence I'm sure, the Iraqi central bank bought 36 tons of gold just as Kiev's flew away. This is roughly the amount that the US looted from Ukraine, which also happened in March. Did Ukraine's gold end up in Iraq?)

"We are leaving the dictatorship of the market where oil goods are based on the dollar and will increase the possibilities of using [other] national currencies: the ruble and the yuan," Putin said in an interview with the Russian state news agency TASS.

In order to end the petrodollar, gold will play an important role, something that Russia is all too aware of. It is therefore no surprise that Russia is one of the key buyers of gold, utilising the low gold price to offload the dollars that are still accepted in oil trade, while stocking up on gold. This week it was announced that Russia was the third quarter's biggest buyer of gold:

Just as China is buying 'cheap' oil with both hands and feet, so Russia, according to the latest data from The World Gold Council (WGC) has been buying gold in huge size. Dwarfing the rest of the world's buying in Q3, Russia added a stunning 55 tonnes to its reserves, as The Telegraph reports, Putin is taking advantage of lower gold prices to pack the vaults of Russia's central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.

The economic war is on! Gold plays a vital role on the battlefield, although this is not seen in the mainstream media. The West relies on debt and fiat currency with money-printing ad infinitum, while Russia and China as leaders of the alternative 'multipolar world' are stocking up on precious metals, commodities and real assets.

A week from now, Switzerland will have a public vote on whether to bring back Swiss gold from the New York Fed, and whether to keep 20% of the Swiss National Bank's foreign reserves in gold. Not surprisingly, the 'No' campaign has been scaremongering the population into doing something so rational for their own best interests, and currently leads in the polls by 47% to 38%, with 15% undecided. As Tyler Durden remarks, the implications are huge. A 'Yes' vote means the SNB would have to buy 1,500 tons of gold in order to make the 20% reserves limit, something that would send shockwaves through the world's central banks, hence the big push by Big Banksters' in London and New York to squash the Yes campaign in Switzerland.

Will the Swiss people take note of the actions of the Dutch National Bank and the words of Alan Greenspan? Regardless of which way the vote goes, gold reserves are going to play a major role in the future, and those countries who have been wise and kept gold rather than debt-money stand a far better chance of surviving the financial chaos that is about to engulf the world.

I work in the international transport sector in Europe. I've been reading SOTT since 2003 and first joined the editorial team in 2007 after realizing I had to do something about the deteriorating state of our world. Especially as I saw how our mainstream media has let us down. I'm particularly interested in 'following the money' to track the machinations of the deceptive ones in high places. I suppose you could say I've taken my chosen profession to a new level, and now with SOTT I'm "inspecting the flows" of people and money in more ways than one.

Reader Comments

With most of America's gold (i.e. the peoples) gone now in an effort to prop up the American Empire, this week on the Comex could be quite interesting. Lots of countries are buying like the Chinese, Vietnamese etc. as are the world's central banks. This is strange perhaps as they believe fully in Fiat currency don't they? Still if the Rosthchilds can pick up some of this barberous relic cheap, courtesey of the average American, then why not? It is just a tradition you know and they can print as many dollars as they like.

Seems like Alan Greenspan is buying too! Also silver which he also describes as "currency".

That is definately not out of the question, as one wonders why the Dutch managed to get a substantial amount back and not the Germans. Dirty linen and blackmail would account for a lot. And perhaps the reason they didn't get more,was that there wasn't any more that the US could quickly get their hands on without creating waves in the gold market.

Yes, I often hear this being said, but at the same time it makes the Swiss scapegoats of the Jewish holocaust, when in fact it was the whole Anglo-Zionist psychopathic elite that orchestrated that. AND that elite, just happened to have their money safely placed in Switzerland. This doesn't stop people from playing the guilt card on the Swiss and thereby extract monetary and political favours.

One could equally ask if European or US gold is any cleaner. Did a lot not result from genocide of entire populations in the "new" world? And what to say about diamonds or rather blood-diamonds, which is a trade closely tied to Zionist hands. So no, I don't buy this sole blame on the Swiss for Nazi war crimes that were committed with the support and funding by the pathological elite. It does not take responsibility away from the Swiss elite and their role during World war II, but to bring it up every time Swiss gold gets mentioned is just distraction.

"The central bank franchise system wrapped around the fiat paper currency regime has failed. They cannot stop it, not even with endless bond fraud and endless war, the new twin towers of the fascist state legacy. The entire financial structures have become fully dependent on easy money and debt financed by a printing press, buttressed by derivative machinery. The Uncle Sam bearing the USDollar emblem is like a pathetic heroin addict brandishing a modern howitzer. The USDollar is fast losing its integrity, during a dangerous global rejection episode. Therefore, QE must be exported, the easy candidate Japan. Call it Operation Tokyo Twist.

Heavy pressure, threats, and subterfuge are the American way. It is yet another sordid chapter in the Weimar Amerika story. QE to Infinity is the marquee billboard message, which will be perpetuated until the USGovt debt default and US financial collapse, forcing replacement of the USDollar. A Japanese syringe does not prevent the USD death, only delay it while deeper cancer spreads to the Japanese Economy and its financial structure. The United States is fast running out of nations to plunder. See Libya, Cyprus, Syria, Ukraine, the Philippines. Now Japan. Witness death of the US nation. The national carving ceremony will be very interesting to observe in future years, after the commercial colonization.

[ ... ]

OVERVIEW

The USFed has exported Quantitative Easing on a gigantic scale to Japan. The plausible deniability cover is that the US offers a higher bond yield, with a rising USDollar chaser. So the USFed announced with balllyhoo an end to QE and its unsterilized bond monetization, used for four years to cover the USGovt deficit and all the rolled over matured USTBills and USTBonds. Next just coincidentally, the Japanese announce unlimited QE in Tokyo. The Tokyo vassals will conduct highly corrosive unsterilized bond monetization, just like the Americans have done for four years. The untold part of the story is that the USGovt has demanded of its Asian vassals that they devote their $1.2 Japanese Govt pension fund to USTreasurys. The US covets the pot, which will buy another year of time.

[ ... ]

Therefore in summary, the US will commandeer the Japanese Govt pensions, which will purchase USTreasurys. The Bank of Japan will monetize their replacement so that the pension fund will look intact. The blood on the floor is a falling Japanese Yen, which will have deep ramifications. The Wall Street uber-lords probably tried to convince them a cheaper Yen currency would be great for the export industry, with its vast array of exported items large and small. Also, foreign subsidiary translations would be more favorable, another benefit. Without a decline in JYen, the interest rates in Japan would go above 2% to 3% quickly. The flip side is higher energy import costs, noting that Japan imports over 98% of its oil. Call it Operation Tokyo Twist. The USFed exported QE, thus putting QE4 on track in the latest hyper monetary inflation obscenity.

The USFed is again proved liars, as QE continues from a foreign outpost (outhouse). They lied by promising 0% (ZIRP) as lasting only six to nine months. They lied by promising QE bond monetization would be temporary, a one-time event. They lied as to what Operation Twist was, when China dumped all long-term USTreasurys in favor of quickly expiring short-term USTreasurys. They lied on Taper Talk last year, for reduced volume of bond purchases. They lied on usage of QE funds to purchase the major US Stocks using the S&P500 index. They lied on Interest Rate Swap dependence, the London Whale incident having exposed JPMorguen as losers. They lied in the nationalization of AIG, so as to rescue Goldman Sachs after killing rival Lehman Brothers. They have lied every single month on QE bond volumes, far more than double the officially stated volume. They have lied every single month on the black hole under the rug, since QE covers ruptured hidden derivative losses. They might be in the $trillions.

[ ... ]

Vengeance will come from Germany and Japan, but also from the entire East. Both Russia & China will join in the vengeance against the Anglo-Americans and King Dollar Regime. It has months to live, not years. It no longer sits upright on its throne, its velvet eaten by heroin stains, at least two legs fractured. The upcoming G-20 Meeting in Brisbane Australia will see the writing on the executioner's wall. The US delegates will be listening, not dictating. A death blow might soon come from Shanghai, where in pursuit of an equilibrium based gold market, the Chinese are indicating a doubled Gold price and tripled Silver price. The West will not be able to stop it, to arbitrage it, or to ignore it. The reason is simple: the West has run out of Gold.

[ ... ]

The new BRICS gold & silver backed currency is at an advance stage in the design rooms, soon to see actual implementation. The Gold Standard is to be re-installed, euphemistically called the Currency Reset. History is on the verge of being made."

Its coming. They are simply making sure their currency is backed with gold, like the US dollar 'used to be'. After all, reputation doesnt mean shit when the US dollar becomes the same as the peso, or worse.

A shiny substance extracted from the earth and given such prominence and value in the world. Really it's no more than a bauble of metallic substance cast into bars, the whole world shivers and shakes when the price of said metal goes up and down.

What madness is this, only the madness of a psychopathic mind could structure the wealth of countries on such a tantalizing substance.

Reminds me about the Magpie bird who is so attracted to shiny things that they will pilfer them without the knowledge of the owner to build there nest, that's something I learned as a child, is it true, I don't really know but one thing I know for sure that analogy serves what is happening in the world to day. Wealth of the people is being pilfered.

The real value lies not in shiny objects but in objective truth, the ability to see what is happening in the world today and act accordingly to the instincts within us. If you have some gold you can barter with people that value such a substance, then it may be of benefit to you, otherwise it's just a lump of shiny yellow metal that will not keep you warm in winter, keep you fed an clothed, provide a roof over your head. For those things you need people that are caring and compassionate.

The real value lies in cooperative transactions between two or more agreeable people for services and skills rendered that will be beneficial to said parties.

HFL, your comment clean and neutral, sounds more like you have a bone to pick with the Swiss. The main thing about Genoud, was that he was a Nazi, a double-dealing intel. agent and profited after the war from his Nazi connections. Him being Swiss had little to do with it, I think, unless you know otherwise. Just like Obama's skin color is a bad indicator of his mental and moral compass, then the fact that a person is born Swiss says little about their mental or moral compass. Judge a person by their actions and not by their words, nationality, race or religion.

"Clean and neutral" wasn't being implied; 'under the thumb of far more powerful banking interests' was. That Wiki entry shows also says:

***

Genoud became a passionate supporter of Arab liberation causes, funding many nationalist and left-wing organisations. [...]

Throughout the 1970s he financed many left-wing groups with the goal of armed Arab liberation. [...]

He was associated with Noam Chomsky, Simone de Beauvoir, and Jean-Paul Sartre, sitting on a committee with them in the 1970s [...]

Genoud [...] was represented [in 1983] by Baudoin Dunant, a leading Geneva-based lawyer who sits on the board of over 20 companies, including the Saudi Investment Company, the overseas arm of the Saudi Binladin Group.

***

Someone like that doesn't waltz around funding every cause from let to right without some 'higher blessing'. Switzerland was 'The Nazi Banking Haven' in the way the Cayman Islands are Washington's 'Banking Haven', more mule than arch-conspirator.

'The Hitler Project' was Montagu Norman's, governor of the Bank of England, who recruited (not the right term, I know. 'Paved the way for'?) Hitler via his colleague, Hjalmar Schacht:

[Link]
"They communicated as if via instinct... they were on the same line through thick and thin..."

While Genoud was meeting Hitler as a teenager in 1932, US and UK banker agents were meeting Hitler in 1922. From Engdahl's 'A Century of War':

***

Schacht devoted his full energies to organizing financial support for the man he and his close friend, Bank of England governor Norman, agreed was the man for Germany’s crisis. Since 1926 Schacht had secretly been a backer of the radical National Socialist German workers’ Party (NSDAP) or Nazi party of Adolf Hitler. After resigning his Reichsbank post, Schacht acted as a key liaison between powerful, but skeptical, German industrial leaders, the so-called ‘Schlotbarone’ of the Ruhr, and foreign financial leaders, especially Britain’s Lord Norman.

British policy at this juncture was to create the ‘Hitler Project,’ knowing fully what its ultimate geopolitical and military direction would be. As Colonel David Stirling, the founder of Britain’s elite Special Air Services, related in a private discussion almost half a century later, ‘The greatest mistake we British did was to think we could play the German Empire against the Russian Empire, and have them bleed one another to death.’

The British support for the Hitler option reached to the very highest levels. It included Britain’s prime minister, Neville Chamberlain, the man infamous for the 1938 Munich appeasement which set Hitler’s armies marching to Sudetenland in the east. Philip Kerr (later Lord Lothian), of the Cecil Rhodes Round Table group which we met earlier, was a close adviser to Neville Chamberlain. Lothian backed the Hitler project as part of the infamous Cliveden set in British circles, as did Lord Beaverbrook, the most influential British press magnate of the day, who controlled the mass-circulation Daily Express and Evening Standard.

But perhaps the most infl uential backer of Hitler’s movement at this time in Britain was the Prince of Wales, who became Edward VIII in early 1936, until his abdication at the end of the same year. Certain influential American establishment figures were hardly ignorant of what the Hitler movement was about. Leading Wall Street and U.S. State Department circles had been informed from an early stage. Even before the ill-fated 1923 Munich ‘beer hall putsch,’ a U.S. State Department official stationed in Munich as part of the Versailles occupation of Germany, Robert Murphy, later a central figure in the postwar Bilderberg group, personally met the young Hitler through General Erich Ludendorff. Murphy, who had served under Allen Dulles in Berne during the First World War, gathering intelligence on the German Reich, was in Munich with another influential U.S. government official, Truman Smith, assigned to U.S. Army intelligence occupying Germany.

In his memoirs, Smith later recalled his arrival in Munich in late 1922: "I talked at length about National Socialism with the Munich Consul, Mr. Robert Murphy (later a very distinguished American Ambassador), General Erich Ludendorff, Crown Prince Rupert of Bavaria and Alfred Rosenberg. The latter later became the political philosopher of the Nazi party. On this visit I also saw much of Ernst F.S. (‘Putzi’) Hanfstaengl, of the well-known Munich art family. ‘Putzi’ was a Harvard graduate and later became Hitler’s foreign press chief ... My interview with Hitler lasted some hours. The diary I kept in Munich indicates I was deeply impressed by his personality and thought it likely that he would play an important part in German politics."

In his November 1922 report to his superiors in Washington, Smith filed the following recommendation regarding his evaluation of the tiny Hitler group. Speaking of Hitler, Smith said: "His basic aim is the overthrow of Marxism ... and the winning of labor to the nationalist ideals of state and property ... The clash of party interests has ... demonstrated the impossibility of Germany’s rescue from her present difficulties through democracy. His movement aims at the establishment of a national dictatorship through non-parliamentary means. Once achieved, he demands that the reparations demands be reduced to a possible figure, but that done, the sum agreed on to be paid to the last Pfennig, as a matter of national honor. To accomplish this the dictator must introduce universal reparations service and enforce it with the whole force of the state. His power during the period of fulfillment cannot be hampered by any legislature or popular assembly..."

To ensure that his colleagues in Washington’s Division of Military Intelligence got the point, Smith added his personal evaluation of Hitler: "In private conversation he disclosed himself as a forceful and logical speaker, which, when tempered with a fanatical earnestness, makes a very deep impression on a neutral listener."

***

Nineteen TWENTY two.

Hitler blamed "international JEWISH bankers" for Germany's woes when he knew damn well that that particular religious/ethnic background was not what bound the primary conspirators:

***

Von Rundstedt's senior staff officer, General Gunther Blumentritt, described a private meeting of Hitler with his military command in the days after Dunkirk, and his surprisingly generous settlement with Vichy France. At the discussion, Hitler had told the officers the war with France would be over in some few weeks.

"After that he wished to conclude a reasonable peace with France, and then the way would be free for an agreement with Britain. He then astonished us," Blumentritt recalled, "by speaking with admiration of the British Empire, of the necessity for its existence and of the civilization that Britain had brought into the world." Hitler told his generals, "all he wanted from Britain was that she should acknowledge Germany's position on the Continent. The return of Germany's lost colonies would be desireable but not essential, and he would even offer to support Britain with troops if she should be involved in any difficuties anywhere."

"What many politicians call a "world government" or "western powers" is a mafia, like the priesthood in Ancient Egypt that controls processes on planet Earth. They migrated, and now their address is Switzerland. Here's something to think about; when all of Europe was on fire during WWII, and the fuhrer was such a hotshot, why didn't he rob the Swiss banks? Those banks were full of money and gold, but Adolf Hitler didn't go there because Switzerland was off-limits, but why? It's because Hitler perfectly understood that his masters were in Switzerland, and Hitler's victorious march over Europe was nothing but a handover to him, under a single leadership." - Konstantin Petrov

Hitler had no reason to invade Switzerland. Initially, Hitler only sought to regain the territories of Germany before the Treaty of Versailles, including East Prussia, which was given to Poland. Hitler took over Western Europe in an effort to subdue Britain and France militarily, he had no intention of keeping those territories. He was, however, planning on holding territories in the East. But, Hitler had even offered to return Poland, France and the rest of Europe if Britain would accept peace, but Churchill would have none of it. Then, he believed the Soviets were about to mount an attack on Germany, so he invaded the USSR in Operation Barbarossa, plus to get a bit of lebensraum in the process. But the point is, he had no reason to invade Switzerland. Switzerland was neutral, unlike the other countries he invaded, and did not ally themselves with the Allies. It wasn't gold that Hitler sought, but oil, which he had in the Caucasus, but lost to the USSR and that is why Germany lost the Battle of the Bulge. Even though the Germans were making synthetic fuel, they could not produce enough for their needs. So, even if he had the Swiss gold, it would not have done him any good, because it wouldn't have given him the access to the oil he needed.

The 17 Trillion US Debt is backed by 189.9 tons of Gold.
That makes each DebtroDollar worth 3 cents @ $1,350/oz.
If Gold were worth $44,500/oz. the DebtroDollar would be worth a Dollar in Gold.
Actually, the US needs 6,266.7 tons of Gold to back it's DebtroDollar 100%, at today's price of $1,350/oz.
The math says that the collapse of the DebtroDollar would totally paralyze the US economy.

Fortunately we are not in your hypothetical Gobi desert. We are in structured (no matter how tenuously) societies in which a stable medium of exchange will be necessary when the fiat Ponzi collapses. One will eat much higher on the hog than the feet with real money.

Alasdair Macleod points out that once confidence in a currency is lost, that currency is doomed.
At that point, panic ensues, and we are now headed in that direction. Alasdair says, “There will be people in the west panicking because they haven’t got any physical silver or gold.” And by the time the panic is palpable, it will be too late.

Our government in the years 1997 and 1998 exchanged roughly 56 tons of Czech gold (most of the national treasure) for US obligations in exchange course 300 USD/ounce ... and with this I salute you good bye! :-)

The plan is to get a global currency. That was shown on the cover of the Economist in 1988 as a Phoenix holding a Golden Coin with the date of 2018, and as we all know, or should know by now, the Economist is the magazine of the Rothchilds. [Link]

COVER: “GET READY FOR A WORLD CURRENCY”
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10
[Link]

Unfortunate that Yanukovich could not have taken the gold, either into hiding or to Russia. I am sure the Ukraine would be better served had the gold indeed been taken before Nuland got her grubby paws on it.

We want to help educate people through layman's terms which they don't have to have a PHD in Economics to understand and to help people all over the world take charge of their own life and others by sharing our information with friends and family.

Bix Weir-Mass Awakening Followed By Chaos
Published on Feb 28, 2016
Gold and silver analyst Bix Weir says the next huge financial calamity all starts with “a mass awakening followed by chaos.” Weir contends, “People keep asking how will the people wake up? . . . . The moment that happens is when the banks fail, and they go to their ATM’s. . . . They are going to be very angry. . . . They will believe these banks will have stolen their life savings. That’s when people will wake up in mass amounts.”
[Link]

The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities, that makes it seem inconceivable that other ways are viable, that removes the sense that there is an outside.